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Clearwire Raises Additional $2.78 Billion in Capital

Article Comments  16  

Nov 25, 2009, 10:49 AM   by Eric M. Zeman   @phonescooper

Clearwire recently announced a new round of financing that adds significantly to its coffers. It closed two different rounds of financing, one for $1.85 billion and another for $920 million. Together, they amount to $2.78 billion in cash that Clearwire will use to continue building out its WiMax network across the U.S. Earlier this month, Clearwire secured a $1.5 billion financing round from Sprint and other investors.

more info at Clearwire »

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Comments

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This forum is closed.

Silverdale_man

Nov 30, 2009, 2:12 AM

WiMax died years ago

Sprint and clearwire killed themselfs. I was a fan of Wimax when I first heard about, and Sprint and clearwire still have nothing to show for it! It took them way to long to get this going. Any hype has long been gone and very few people care (including myself) I hate to break it to you but Verizon HAS money...so they wont have a problem with building it up. Verizons 4g will pass Sprints as soon as they turn the switch on. Its been more then 2 years since it was first tested in the real world. How long before that do you think they were working on it? Wimax has been in the works for a easy 3 years...and they have a handful of cities. Thats not mobile..its just sad. Sprint lost my faith along time ago.
I laugh at your ignorance. Laughing


Yeah, Google, comcast, clearwire, and sprint all backing it and it will fail? Yeah right, lol....


Wimax will be used for way more things then just cell phones Hence the fact that they are rolling it out and ...
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justfinethanku

Nov 25, 2009, 11:44 AM

No stopping it!

Wow... entire carriers have been purchased for similar prices, and these guys are putting the money into it's network alone...


Good luck with your commercials in the next few years verizon. Razz
Laughing


Can't stop won't stop.
...
justfinethanku said:
Wow... entire carriers have been purchased for similar prices, and these guys are putting the money into it's network alone...


Good luck with your commercials in the next few years verizon. Razz
...
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crucifixion

Nov 25, 2009, 1:02 PM

Freakin Qualcomm

If qualcomm wasn't so money hungry then LTE would be here. But they want to keep 4G down as long as they can since they own the 3G chipset market. I wish qualcomm would stop stifling innovation and let 4G arrive. Just because they aren't as big in 4G doesn't mean they should take their time. Verizon and ATT are ready now for 4G especially as sprint has 4G now
Then why wait for LTE? WiMax is now. If you have it in your area, Sign up and enjoy it until the arrival of LTE. No contract, No bloated pricing, No caps. What would keep you from signing otherwise?
ATT doesn't seem to be in a rush for LTE at all. Not even HSPA+.
Dre

Nov 25, 2009, 5:38 PM

Wow...

I'll be honest. I don't even LIKE Sprint that much, but I've got to give MAJOR props to them for hooking up with Clearwire.

These guys have been ALL OVER the place in the last couple of years.
DE 2 Philly

Nov 25, 2009, 12:41 PM

Sprint 4G - OH YEAAAA

By the time anyone else has 4G in spots we'll have a nationwide network; lol @ Verizon and Eat dust AT&T (you'll have the fastest 3G network in 2 places in the U.S. but you WONT have the fastest Network) - and our 4G will prob. be bigger in a year than Tmos 3G - muahaha. Smile
Slammer

Nov 25, 2009, 11:47 AM

This is great news!

Securing more capital for WiMax, is testimony of the validity of Clear. I look forward to this choice of 4G broadband service.
 
 
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